$FIDA is the utility token of the Bonfida ecosystem — a suite of tools and products built primarily for the Solana blockchain, including Solana Name Service (SNS) domain registrations, trading infrastructure, and other DeFi-related services.
Originally launched in late 2020, Bonfida has evolved into broader Solana infrastructure, with FIDA remaining central for fee discounts, staking incentives, and governance-aligned features.
📊 Price & Market Snapshot
Here’s where FIDA stands as of early 2026:
Current Price: Around ~$0.05–$0.06 USD (varies by exchange)
All-Time High: ~$59.61 (Nov 3, 2021) — now ~-99.9 % below peak
Market Cap: Typically in the tens of millions USD range depending on price swings
Circulating Supply: ~990 M FIDA (max ~1 B total)
FIDA’s price has corrected sharply from its crypto boom peak, reflecting broader market conditions and its niche utility.
🛠️ Core Uses of FIDA
FIDA isn’t just a trading asset — it powers features in the Bonfida/SNS ecosystem:
📛 Solana Name Service (SNS)
FIDA is used to pay fees and get discounts when you register or manage Solana blockchain domain names (like .sol or SNS names).
📉 Fee Discounts & Utility
Holding FIDA can provide reduced fees across Bonfida services, including trading tools and bots available in the ecosystem.
🔥 Buy & Burn Mechanism
Bonfida uses part of the fees it earns to buy back and burn FIDA tokens, which is intended to be deflationary and support long-term scarcity.
🧠 Summary
FIDA (Bonfida) is a Solana-centric utility token used for identity services (Solana Name Service), fee discounts, staking, and buy-burn tokenomics within the Bonfida ecosystem. While its price remains far below historical highs, it retains real utility tied to decentralized naming and Solana infrastructure rather than pure
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